LayerZero hits 6-month high on transfer dominance amid sell-off risks
LayerZero (ZRO)
Editor:
Eugene Serbin
LayerZero’s ZRO token climbed to a six-month high of $2.14 after bouncing from $1.70, according to ambcrypto.com. The rally was driven by a record $4 billion in single-day cross-chain transfers, where LayerZero captured 91.6% of volume across six protocols. Bitblaze noted this dominance totaled $12.4 billion over 30 days, outpacing competitors like Chainlink and Wormhole.
However, wallet activity from Dami showed that 4.46 billion WPAY tokens, worth $3.6 billion, moved from Polygon to Arc. This single transaction accounted for approximately 90% of the daily transfer record, raising questions about sustained momentum. Strategic partners transferred 8 million ZRO to Coinbase Prime, while another wallet deposited 1.7 million ZRO to Binance within a day.
CoinGlass data indicated positive Spot Netflow for four consecutive days, peaking at $9.1 million on October 3. The Relative Strength Index reached 79, signaling overbought conditions despite higher lows forming. If buying persists, targets include $2.20 and $2.50, though exchange inflows suggest potential selling pressure.
How the market reacted
Whalio's own Binance spot order flow for ZRO, measured when this story was written up on 4 October 2026. Not the outlet's figures.
ZRO is trading at $1.99 with a 1-hour buy ratio of 58.2%, indicating strong short-term buying interest. This contrasts with the 4-hour buy ratio of 51.4% and the 24-hour ratio of 51.6%, showing that recent momentum is stronger than the broader daily trend. Volume Delta reflects this activity, with +$67,349 in the last hour and +$91,355 over four hours. Over 24 hours, the Volume Delta stands at +$1,079,753, meaning buyers have absorbed more supply than sellers have provided. The Cumulative Volume Delta closed at +$227,764, confirming net buying pressure. Spot volume reached $36,364,951 with 340,398 trades, suggesting active participation.
The latest daily buy ratio of 49.7% sits at the 64th percentile of the last 322 days, against a median of 48.5% - ordinary for this coin.
Was that an ordinary day?
The same Binance spot measurements for ZRO, averaged over the days leading up to the story.
Over the preceding week, the 7-day average buy ratio was 51.0%, slightly lower than the current 24-hour reading of 51.6%. Volume over the last 24 hours was 2.00 times the weekly average, highlighting an unusual spike in activity. While 5 of 7 days showed net buying, today’s metrics suggest intensified short-term interest. The 8-day price change of 24.8% underscores the recent rally’s magnitude. Total Volume Delta for the week was +$3,533,040, reinforcing the bullish trend despite potential sell-off risks.